Asset Prices and Institutional Investors

By Suleyman Basak, Anna Pavlova. 2013

301 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/37b8ee44e0f082fa5aa7df7421bb4ee8b6aeb3da

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Citations in the corpus

Intermediary Asset Pricing: New Evidence from Many Asset Classes (2017, methodology): “…Vayanos (2002), Xiong (2001), Kyle and Xiong (2001), Vayanos (2004), Pavlova and Rigobon (2007)„ Brunnermeier and Pedersen (2009), Duffie (2010), Adrian and Shin (2010), Garleanu and Pederson (2011), Adrian and Boyarchenko (2012), Basak and Pavlova (2013), Gabaix and Maggiori (2015), among others.”
An Equilibrium Model of Institutional Demand and Asset Prices (2016, unknown): “Direct household holdings and non-13F institutions, which account for about a third of the stock market, explain 63 (1)See Vayanos (2004), Dasgupta, Prat, and Verardo (2011), Basak and Pavlova (2013), He and Krishnamurthy (2013), and Vayanos and Woolley (2013).”
A Model of Financialization of Commodities (2015, unknown): “The institutional investor is modeled along the lines of Basak and Pavlova (2012), who study institutional investors in the stock market and also provide microfoundations for such an objective function, as well as a status-based interpretation.3 The objective 1To model other major commodity indices…”
Indexing and Active Fund Management: International Evidence (2016, unknown): “In addition, as the active fund managers care about their relative performance vis-à-vis benchmark indices ( Basak and Pavlova, 2013 ), an increased fear of losing more assets could lead managers to increase the fraction of stocks in the portfolio that belong to their benchmark indices to avoid unde”
Portfolio Manager Compensation in the U.S. Mutual Fund Industry (2019, background): “Building on the classic agency conflict setting of Holmstrom (1979), several recent theory papers on portfolio management compensation (e.g., Li and Tiwari, 2009; Basak and Pavlova, 2013; Buffa, Vayanos, and Woolley, 2014) show that explicitly linking the portfolio manager’s compensation to the fund”
Motivated monitors: The importance of institutional investors׳ portfolio weights (2015, unknown): “34 possibility, together with the fact that larger institutions are more likely to be influential (Basak and Pavlova, 2013), suggests that our results could stem from the large size and influence of”
The Term Structure of Returns: Facts and Theory (2015, background): “Panel A: Campbell and Cochrane (1999) Habit Formation Model Data Percentile 1 2.”
The Granular Nature of Large Institutional Investors (2016, unknown): “In addition, Basak and Pavlova (2013a, 2013b) show theoretically that an asset included in an index tracked by institutional investors increases the non-fundamental volatility in that asset’s prices.”